Uncle Scrooge's Economics

Reading books has always been an experience similar to opening an unknown door, just to find yourself in a better and an elevated position. From possessing bibliophobia to being a book worm, I can truly say that this habit has given me an edge over my previous self. Out of all the habits that I follow, I believe that reading has been a fundamental one—a habit that has boosted my confidence in every aspect of my life. Obviously, the lessons have helped me become a better professional, but just the ability to hold a conversation with anyone on any random topic has been possible because of this habit. Someone truly said that when you love someone, you truly forget your imaginary fears and try to overcome them for them. For me, reading a book was one such fear that I overcame because of one person I truly love, Mr. Waren Buffett.  In the past 4 years, I have had the privilege of reading some of the best books out there, covering various disciplines and authors all across the world...

The new India, or Bharat, is all about new technology, 5G adaptation, world-class infrastructure, changing railways, increasing D-mats and assets of mutual funds, and what not. India is on a dream run right now. There is a good chance that many nations envy our progress. We have given them many reasons to feel so. But when you try and compare the new India with the old one, you will find a few things that were eminent in the past as compared to India 2024. The most prominent were different types of scams. In the past few years, India hasn't actually experienced any significant fall in scams. Prior to 2010, the scams were more open. Maybe, post-2010, scamsters have found better ways to hide it. The size of the scam has definitely decreased. All the ones that have happened in the past involved a few thousand crores. It might sound a bit skeptical, but my favorite among many was the Satyam scandal. Don't worry. I am not inspired. Rather, I was amazed when I first heard about this ...

Last week, the Supreme Court of India gave Mr. Adani a clean chit in the Adani-Hindenburg saga, helping him gain the position as India's richest person, surpassing "mota bhai." If the title is speaking about the most feared person on Wall Street, then why on earth am I talking about Mr. Adani? Well, even if Adani has no role to play, Hindenburg does have a role. The Adani fiasco was such that we all almost ignored another report that Hindenburg wrote. The company released a report on a company called Ichan holdings, stating that they were running a Ponzi scheme. Allegations were such that Ichan Holdings was raising money from new investors and paying that money as dividends to older ones. Majority shareholder of this company and the person who was being targeted as a fraud was none other than Mr. Carl Ichan.  At present, Carl Ichan is one of the richest and the most powerful trader cum American investor. In a span of 3 days, Ichan Holdings lost 66% in value, leaving Mr. I...

Heraclitus, the Greek philosopher, once said, "The only constant in life is change." Yet when change happens, we are often surprised. I don't think it is the change that we are afraid of. Rather, we are afraid of giving up something that is comfortable in exchange for something that is uncomfortable. Whether you like it or not, things will keep changing and evolving, and we will have to find ways to get accustomed. More than the product or services provided by the business, what matters is their ability to adapt to change. India's economy as a whole has also been through a lot of changes. Likewise, the Indian stock markets have also evolved a lot. One of the biggest beneficiaries of this change has been retail investors. People like you and me. Some of these changes were necessary, some were like bitter medicine, and some were adopted to make life easy for crooks to con us.  All in all, this history has been a fascinating journey, one that has made India one of the fi...